en.Wedoany.com Reported, Recently, Chinese paint company Skshu and automotive parts company Yaoning Technology have reached a strategic cooperation. The two parties will establish a joint venture, focusing on the research, development, and production of passenger car paint and related supporting products. The aim is to accelerate the localization process of automotive paint and enhance the independent controllability of the industrial chain.
Currently, foreign brands dominate the automotive paint market, while the localization process lags behind. This affects the cost-effectiveness and supply chain security of the automotive industry. As a key technology material, automotive paint requires properties such as corrosion resistance, weather resistance, and stone chip resistance. Its localization is of great significance for the stable development of the automotive industry chain.
Leveraging its strengths in the architectural coatings field, Skshu has expanded into the industrial coatings sector and has made progress in areas such as new energy vehicles, photovoltaics, and aerospace. The company has automotive paint production bases in Fujian and Anhui, and has established R&D laboratories in Putian, Shanghai, and Chuzhou. These facilities focus on developing cutting-edge technologies like high-solid clear coats and water-based high-gloss clear coats, as well as upgrading products such as automotive body coatings and electrophoretic paints.
Yaoning Technology focuses on new energy technology and the automotive parts industry. Its business includes automotive parts, phosphorus chemical industry, and energy storage systems. This cooperation will integrate the resources of both parties, improve the efficiency of R&D and application, jointly explore new paths for the localization of automotive paint, and inject innovative momentum into the automotive industry.
Skshu and Yaoning Technology will collaborate around the localization of automotive paint, covering products such as OEM paint, interior/exterior coatings, and electrophoretic coatings. They will precisely align with the needs of the automotive industry, promote the localization of passenger car coatings, and contribute to the optimization and upgrading of the automotive supply chain.
In the future, Skshu plans to focus on technological innovation, deepen cooperation with automotive industry enterprises, expand the application scenarios for automotive paint localization, support the transformation of China's automotive industry from a large manufacturing country to a strong manufacturing country, and contribute to the independent controllability of the supply chain.
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